Is it worth paying back National Insurance contributions

**Mandaloopy** · 07-10-2018, 04:18 PM

Sent the forms off today, looks like I only have to pay 5 years of Class 2 contributions back- so about 800quid- which is better than thousands!

**Jack meoff** · 07-10-2018, 04:26 PM

You are lucky, they passed a bill to stop this happening last year then revoked it.

I only need 3 more years and if i want to pay missed years now the 3 years will cost me £1800.

Grab it while you can Mandy.

**Mandaloopy** · 08-10-2018, 06:06 AM

On the subject of money: https://www.independent.co.uk/news/u...-a8265111.html

That is grim if it is true, but not all that surprised, always shocked at the cost of living when I go back to the UK for a holiday. I saved more than that in my first 35,000 baht a month job in Thailand.

**slimboyfat** · 16-10-2019, 07:43 PM

The HMRC have kindly allowed me to contribute the last 13 years Class 2 contributions at a total of £1850, so it looks like I'm back in the system.
Now all I have to do is keep paying them £3 a week and live to 67 years old.

**thaiguzzi** · 16-10-2019, 08:12 PM

Originally Posted by slimboyfat

The HMRC have kindly allowed me to contribute the last 13 years Class 2 contributions at a total of £1850, so it looks like I'm back in the system.
Now all I have to do is keep paying them £3 a week and live to 67 years old.

Strange.
Last time i looked into it, they would only accept the last 6 years worth.
I was self employed for the last 15 years i lived there, and as i've lived here for 16 years now, i was under the impression there is fuck all i/they can do about it.

**Chittychangchang** · 16-10-2019, 08:32 PM

Originally Posted by slimboyfat

The HMRC have kindly allowed me to contribute the last 13 years Class 2 contributions at a total of £1850, so it looks like I'm back in the system.
Now all I have to do is keep paying them £3 a week and live to 67 years old.

That's a result!

**Pragmatic** · 16-10-2019, 09:33 PM

W

Originally Posted by slimboyfat

The HMRC have kindly allowed me to contribute the last 13 years Class 2 contributions at a total of £1850, so it looks like I'm back in the system.
Now all I have to do is keep paying them £3 a week and live to 67 years old.

So when do they stop paying APR increments?

**harrybarracuda** · 16-10-2019, 11:54 PM

https://www.express.co.uk/finance/pe...mount-full-new

**Bettyboo** · 17-10-2019, 09:05 AM

Move to Korea for 10 years, pay about $400 a month into your pension (the company and government also add contributions) - the salary here is the same as Saudi, but it's a much nicer place to live.

After 10 years, you get a pension, taken at 62, pays wherever you live, currently around $700 a month for 10 years in; it's a much better deal than many other pensions. If you leave early and decide not to do the 10 years then you get all your contributions back, and some of the employers/governments contribution too (quite low, but still a part of - varies with time paid in). I'm 6 years in, may do another 4??? I've also got 9 years of Thai pensionable funds, so I could pop back and do another year there at some time...

Thai house (you could call it that...) paid for. Hope to get a UK house/apartment paid up and maybe an apartment somewhere in Asia before retiring. A lump of cash in the bank would be nice too...

Korea is a good place to build an ok pension fund and save, imho.

I'm probably 18 years or so lacking in UK N.I. contributions - not worth paying up,imho.

**Bettyboo** · 17-10-2019, 09:09 AM

Originally Posted by Mandaloopy

Sent the forms off today, looks like I only have to pay 5 years of Class 2 contributions back- so about 800quid- which is better than thousands!

That's probably worth paying.

I think I'll check mine out. If it's only a few thousand and the wife gets something when I die (no idea???) then I'd do it.

**Bettyboo** · 17-10-2019, 09:11 AM

Originally Posted by slimboyfat

The HMRC have kindly allowed me to contribute the last 13 years Class 2 contributions at a total of £1850, so it looks like I'm back in the system.
Now all I have to do is keep paying them £3 a week and live to 67 years old.

That sounds great, I'd happily do that.

**Seekingasylum** · 17-10-2019, 09:21 AM

Originally Posted by Bettyboo

That's probably worth paying.

I think I'll check mine out. If it's only a few thousand and the wife gets something when I die (no idea???) then I'd do it.

Err, no. That stopped over a decade ago.

Your current income would not buy a garden shed in Blighty and when Korea re-unites there will be no place for white roundeyes. You'll be a geriatric itinerant bum living in a Crewe suburban old people's sheltered housing project.

**Bettyboo** · 17-10-2019, 09:33 AM

Originally Posted by Seekingasylum

Err, no. That stopped over a decade ago.

Your current income would not buy a garden shed in Blighty and when Korea re-unites there will be no place for white roundeyes. You'll be a geriatric itinerant bum living in a Crewe suburban old people's sheltered housing project.

The first bit of info was useful, thank you.

The rest, not so much...

**Seekingasylum** · 17-10-2019, 09:50 AM

I think it important you maintain a true perspective of reality rather than through the distorting prism of some addled personal doctrine.

The irony and one you will not grasp until it is too late is that emigres such as you are inevitably much better off in their twilight years languishing in the splendour and relative security of a southern European resort destination where their pensions run further, health is more easily maintained and where they are better tolerated.

But you have fucked that with your Brexit, you twat.

Assuming of course you have not had the good fortune of having had one of your antecedents fucked by an Irishman, that is.

Anyway, the fact remains, if you have an opportunity to buy more years of contributions into the UK SPA then you should do so unless of course you are a total idiot. Since the Tory/Libdem coalition government changes the allowance has increased by 50% and with the current triple lock annual increases exceed the pace of inflation. As I said, at the current contributory level the SPA may well not be on par with other developed countries but it does represent something of a bargain.

**cyrille** · 17-10-2019, 09:57 AM

The Irish are cashing in on that big time. Massively expensive applications for Irish passports are being left to gather dust.

No surprise, as it's probably the same third party responsible that used to deal with applications for British nationality.

In the days before Britain made itself a pariah state.

**Bettyboo** · 17-10-2019, 10:08 AM

& an interesting/informative thread on N.I. contributions is derailed by two of the three moronic forum trolls - no doubt Lom will be along soon to make it a full house.

**cyrille** · 17-10-2019, 10:15 AM

You're a relentless troll and all you succeed in doing is highlighting your own pampered isolation.

And a while back you were calling yourself a representative for those in the UK outside London.

In fact you're outside of the human race.

**Seekingasylum** · 17-10-2019, 11:05 AM

Originally Posted by Bettyboo

& an interesting/informative thread on N.I. contributions is derailed by two of the three moronic forum trolls - no doubt Lom will be along soon to make it a full house.

I do hope you are not including me, given my usual sterling advice and information.

You chaps do develop some strange views though. Is it because you spend your entire careers essentially isolated in an artificial environment that excludes you from true integration and your socio-intellectual development becomes skewed and stunted as a consequence, do you think?

**Airportwo** · 17-10-2019, 11:05 AM

I also should pursue this, I left in 1978, wonder if I would get anything? keep meaning to find out my NI number as lost it!

**Seekingasylum** · 17-10-2019, 11:09 AM

I rather think the boat has sailed on that one, chum.

**Mendip** · 17-10-2019, 12:21 PM

Around 25 years ago I was regularly working in Norway on a freelance basis and had dropped out of the UK system. But then I started paying NI to the UK for the sole reason that it gave me exemption from Norwegian NI that ran at about 9%.

For years I paid Class 4 voluntary contributions to the UK that amounted to about 100 quid a year (£26 a quarter if I remember correctly). I kept these going despite not living in the UK for the last 20 odd years. It seemed like a good deal to get a state pension.

A couple of years ago the Class 4 contributions were abolished and I now pay Class 3, which I think is around 12 quid a month, but still a good deal I think. I'm in my early 50s now and things like pensions are suddenly becoming more relevant.

I would look on the government website as £8000 seems like an awful lot to make up the payments.

**Airportwo** · 17-10-2019, 12:23 PM

Originally Posted by Seekingasylum

I rather think the boat has sailed on that one, chum.

I suspect you may well be correct, thats why I haven't been in any rush

You never know though!

**Seekingasylum** · 17-10-2019, 12:47 PM

If you have a minimum of 10 years of contributions then you will have a pension albeit one that equals 10/35ths of the current allowance assuming your NI contributions were not at the reduced rate ( i.e if you were in the public sector ). As I understood it you can only buy extra years for those you missed as long as they are for periods within the preceding six years of the date on which you are buying them.

**thaiguzzi** · 17-10-2019, 02:51 PM

Originally Posted by Seekingasylum

If you have a minimum of 10 years of contributions then you will have a pension albeit one that equals 10/35ths of the current allowance assuming your NI contributions were not at the reduced rate ( i.e if you were in the public sector ). As I understood it you can only buy extra years for those you missed as long as they are for periods within the preceding six years of the date on which you are buying them.

Correctomondo.
Which is what i said in my post above #55, which appears nobody paid a blind bit of attention to.
Tough titty.
Last S I X years, 6 YEARS folks.

**Dragonfly** · 17-10-2019, 03:05 PM

interesting that everyone is now looking to return to the comfort of civilization with all those social benefits

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